The company behind Shiba Inu (SHIB), a famous memecoin, has disclosed the payout dates for the recently launched burn portal.
Shiba Inu launched a burning portal in April, allowing token holders to permanently destroy their tokens.
This would lower the amount of money in circulation while simultaneously providing users with a source of passive income. Those who want to burn their tokens will receive a token called burntSHIB as a reward.
BurntSHIB owners would get RYOSHI token rewards, and 0.49 percent of all RYOSHI transactions would be delivered to burntSHIB owners.
The team has now disclosed the precise dates on which the awards will be available.
“Here’s a quick update in regards to the Reward Cycle. Rewards will bea vailable on May 17th and continue every two weeks.”
“We’re excited to see the amount of use the portal has brought for the community and building based on the ShibArmy’s feedback.”
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